Goldman Sachs to buy The Belfry

Goldman Sachs has become the preferred bidder to buy The Belfry, the world-famous Warwickshire hotel and golf course, for an expected price of around £140m. Goldman Sachs is to become the new owner of The Belfry, one of the world’s best-known golfing resorts. A property fund run by the Wall Street firm has beaten Pimco, one of the world’s largest bond fund managers, to become the preferred bidder for the Warwickshire hotel and golf courses, with a purchase price of about £140 million, according to Sky News. The sale will bring to…

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Graham starts work on Blackpool’s Houndshill expansion

Ground has been broken by the contractor at the Tower Street car park to mark the start of the shopping centre’s phase two extension. Graham’s start on site was enabled by three deals signed in February: the council’s acquisition of the car park, a lease agreement for a new 22,500 sq ft Wilko store and a deal with MMC Cinemas for a nine-screen, 40,500 sq ft multimedia cinema complex. The overall scheme has been facilitated by £5m of funding from the Government’s Covid-19 Getting Building Fund, following formal approval by…

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Abandoned 1920s cinema in Los Angeles becomes the new Apple Store

Tower Theatre was the first theatre in Los Angeles to be wired for showing motion pictures with sound, but it has been shut down since 1988. Foster + Partners worked with the technology company to renovate the historic building, which was originally designed by American architect S Charles Lee in 1927 in the baroque revival style. The renovation was made in a collaboration with the City of Los Angeles and expert preservationists. Inside, a grand entry hall designed in the style of Charles Garnier’s Paris Opera House, complete with bronze handrails and…

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